Borders, the evergreen chain of high end book stores, has filed for bankruptcy protection. The move was anticipated after years of drastically declining sales. The company will still continue to operate but will close about 30% of its 508 superstores in the United States. "Brick and mortar" traditional book stores are having a hard time competing from web sites like Amazon, which often sell items at razor-thin margins because they have much lower overheads. Borders remains a popular spot with book and video lovers, as the chain provides an upscale atmosphere complete with cafes. The chain also offers a wide range of books,magazines, DVDs and CDs that are hard to find in smaller venues. For more click here